July Malaysian palm oil biodiesel exports soar 12-fold on year

In Malaysia, palm oil biodiesel exports have seen at least a temporary surge with July figures jumping 12-fold to 46,601 metric tons, the highest seen since Platts began recording statistics in 2008. Though it has been narrowing in August ahead of the ramp up to winter spec biodiesel, an arbitrage window to Europe opened up in late May. Traders have been taking advantage of the opportunity, with June exports reaching 22,670 tons. July 2014 exports were only 3,610 tons.